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Simon Lambert

๐Ÿ‘ค Speaker
967 total appearances

Appearances Over Time

Podcast Appearances

This is Money Podcast
Will the Renters' Rights Act work or backfire?

But you can also get bad landlords, bad letting agents, and bad tenants.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

And I think that it takes two to tango.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

You have to remember on this.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

And I can see this from both perspectives.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

But before I'll talk about that in a bit when we go on to the what do we think about this thing?

This is Money Podcast
Will the Renters' Rights Act work or backfire?

But firstly, what's in it?

This is Money Podcast
Will the Renters' Rights Act work or backfire?

Basically, it's become law today, May the 1st, and it is the biggest upgrade to renters rights in a generation.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

Now, the big thing here is, firstly, it is the end of what's known as assured short-hold tenancies, so fixed-term tenancies, the 12-month tenancies that people commonly sign up to.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

It used to be that you signed up to a six-month or a 12-month, but it's more often now you sign up to a 12-month or an 18-month or a 24-month even.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

And from this point on,

This is Money Podcast
Will the Renters' Rights Act work or backfire?

That won't happen.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

Instead, there will be periodic or rolling tenancies that tenants are signed up to and they will be able to leave with two months notice.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

So they can give their landlord two months notice.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

They don't have to wait a year and then give notice or leave at the end of that fixed term.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

They can give notice immediately if they want to.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

Although why you would move into a flat and give notice immediately, I don't know.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

On the flip side, however, it's going to be a lot harder for landlords to get their tenants to move out.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

Landlords need to give four months' notice, but they can also only evict their tenants if they give one of a number of acceptable reasons, such as they're going to sell the property, they want to move into it, they have a family member who wants to move into it, and there are some exceptions for if the tenant is in breach of the agreement,

This is Money Podcast
Will the Renters' Rights Act work or backfire?

antisocial behavior in arrears and so on although tenants will be able to run up more arrears before landlords can try to do something about it um there's this end of section 21 no fault evictions these so-called no fault evictions this is basically the legal process that enabled landlords to get rid of their tenants as i said that stopped the

This is Money Podcast
Will the Renters' Rights Act work or backfire?

There's also rent increases.